How does the Woodside Petroleum (ASX:WPL) dividend compare to the energy sector?

Here's some good news for Woodside shareholders.

| More on:
A smiling woman with a handful of $100 notes, indicating strong dividend payments

Image source: Getty Images

You’re reading a free article with opinions that may differ from The Motley Fool’s Premium Investing Services. Become a Motley Fool member today to get instant access to our top analyst recommendations, in-depth research, investing resources, and more. Learn More

The Woodside Petroleum Limited (ASX: WPL) share price isn't having a good run lately, but investors will likely still be excited about the company's dividend.

The oil and gas producer historically pays a dividend in March and September. It generally announces its final dividend in August and its interim dividend in February.

The Woodside share price has fallen 4% over the course of 2021. Shares in the company are currently trading for $22.14 a piece.

But how does the Woodside dividend compare to those of its peers on the S&P/ASX 200 Energy Index (ASX: XEJ)? Let's take a look.

How the Woodside dividend stacks up

The last 2 dividends the oil and gas producer has handed out were significantly smaller than those prior.

Woodside didn't have a great 2020 calendar. Unfortunately, its poor performance has been reflected in its dividends. Readers can find Woodside's 2020 results here.

In fact, its final dividend of 2020 was the smallest the company has ever given its shareholders. It was just 15.29 Australian cents per share.

The previous dividend payout, given to shareholders in March 2020, was 36.24 Australian cents.

Meaning the company handed around 51.5 cents per share from its 2020 calendar year profits back to its shareholders.

That leaves Woodside with a dividend yield of 2.35%.

Additionally, All dividends Woodside has even given out have been fully franked. That means some investors may be using the dividends to reduce the amount of tax they pay.

When compared to the ASX 200 energy sector, the current Woodside dividend yield is pretty good.

Only two companies have recorded better dividend yields.

Those are Worley Ltd and Origin Energy Ltd. They parade respective dividend yields of 4.48% and 5.47%.

However, neither Worley nor Origin offer franked dividends. Meaning, for many investors, the Woodside dividend may be seen as the best in class.

Should you invest $1,000 in Coles Group Limited right now?

Before you buy Coles Group Limited shares, consider this:

Motley Fool investing expert Scott Phillips just revealed what he believes are the 5 best stocks for investors to buy right now... and Coles Group Limited wasn't one of them.

The online investing service he’s run for over a decade, Motley Fool Share Advisor, has provided thousands of paying members with stock picks that have doubled, tripled or even more.*

And right now, Scott thinks there are 5 stocks that may be better buys...

See The 5 Stocks *Returns as of 30 April 2025

Motley Fool contributor Brooke Cooper has no position in any of the stocks mentioned. The Motley Fool Australia's parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

More on Energy Shares

Oil worker using a smartphone in front of an oil rig.
Energy Shares

ASX 200 energy shares plunge on shock OPEC move

ASX 200 energy shares like Woodside and Santos are tumbling on Monday. Let’s find out why.

Read more »

Female oil worker in front of a pumpjack.
Energy Shares

Should you buy Woodside shares in May?

Is this energy giant a good investment right now?

Read more »

Hand holding out coal in front of a coal mine.
Energy Shares

Down 20% this year, are Whitehaven Coal shares a buy, hold or sell according to Macquarie?

Here’s what’s in store for this Australian independent coal producer.

Read more »

Rocket powering up and symbolising a rising share price.
Energy Shares

Guess which ASX uranium stock could rocket 45%

Big returns could be on offer from this stock. Let's see what Bell Potter is saying.

Read more »

A miner stands in front of an excavator at a mine site.
Energy Shares

3 ASX 200 uranium shares soaring 10%-plus today

What has got investors excited today?

Read more »

An oil worker in front of a pumpjack using a tablet PC.
Energy Shares

Woodside shares higher on 'game-changer' news

Let's see what the energy giant has announced on Tuesday.

Read more »

A Paladin Energy miner wearing a hard hat and protective gear stands in front of a large mining truck and smiles to the camera.
Energy Shares

Paladin Energy shares have surged 32% in 2 days. Macquarie says that's the tip of the iceberg

After a tough year, the future is looking brighter for Paladin Energy shares.

Read more »

An oil worker in front of a pumpjack using a tablet PC.
Energy Shares

Woodside shares storm higher on 'world-class operational performance'

Woodside has started the year in a positive fashion.

Read more »